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European Economics Preview: French, Italian Industrial Production Data Due

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Friday, major statistical reports expected from Europe include French as well as Italian industrial production.

The day's session began with the release of Swiss unemployment data from the State Secretariat for Economic Affairs or SECO at 1.45am ET. The jobless rate is stayed at 2.4% in September, unchanged from August and matched economists' expectations.

At 2.45am ET, the French statistical office is set to release August's industrial output data. Industrial production is forecast to fall 0.8% month-on-month in August, reversing an increase of 1.2% in July. Following a 1.5% rise in July, manufacturing output is expected to fall 0.9%.

Thereafter, the Danish CPI inflation and the Dutch manufacturing production details are due from Statistics Denmark and Statistics Netherlands, respectively. Following a 4.3% rise in August, Danish consumer prices are forecast to rise 4% in September. Meanwhile, the Dutch manufacturing production is predicted to remain flat on a yearly basis in August.

In the meantime, the headline CPI inflation data as well as external trade balance are due from the Statistical Office of Slovak Republic.

At 4.00am ET, the Italian industrial production is due from the statistical office ISTAT. Industrial production is predicted to fall 4% annually in August compared with a 3.2% fall in July.

At the same time, the Statistics Norway is slated to issue consumer price as well as producer price inflation data for September. The Norwegian annual inflation is seen at 4.6%, faster than 4.5% in August. Meanwhile, producer prices inflation is forecast to slow to 28.5% from 33.8% in August.

At 6.00am ET, Ireland's Central Statistics Office is set to issue retail sales data for August.

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A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

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